Bitcoin headed to $100,000 in 2018 – Analyst

bitcoin reaches 100000 in 2018

Bitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency’s rally at the start of last year told CNBC on Tuesday.

bitcoin reaches 100000 in 2018

Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform.

Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017. At the time, bitcoin was trading below $900, according to CoinDesk, a website that tracks the price of digital currencies on a number of different exchanges.

Bitcoin blew past the $2,000 figure in May.

Van-Petersen said Tuesday that bitcoin could hit between $50,000 and $100,000 in 2018.

“First off, you could argue we have had a proper correction in bitcoin, it has had a 50 percent pullback at one point, which is healthy. But we have still not seen the full effect of the futures contracts,” Van-Petersen said.

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1 Comment

  1. And we are expected to believe anything from the raving loony Saxo bank, oh perlease!
    I would not trust them to run a piss up in a brewery if I paid for it!

    Their projections are a total joke,..

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